What are the responsibilities and job description for the Associate, Client Processing position at BNY Mellon?
Overview
Associate, Client Processing
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Associate, Client Processing to join our BNY GOVERNMENT SECURITIES SERVICES team. This role is located in Lake Mary, FL – HYBRID.
In this role, you’ll make an impact in the following ways:
Perform the pro-active monitorization of all GSS business settlement processes, learning, understanding all available and active real-time monitoring tools, including but not limited to: internal and external MQ channels, BConnect, CFI, liquid plus, anomaly detection tools, DOD, chat bots, Eliza AI, etc.
Supports internal and external clients with various clearing and collateral management processes. This includes all start, intraday and end of day functions (including but not limited to: Triparty deal unwinds, NFE free-delivery releases, Reasonability deliveries, Construction loan to Project loan cusip conversions, Treasury Auction issuance announcements and coordinates release of the operating system at end of day. Liaise between external clients and the Federal Reverse Bank. Communicates all system related problems for each BDS operating system to CCM Technology, BNY datacenter and coordinates that communication with appropriate parties. Reconciles the entire Fed-book entry holding with the Fed for both cash and securities.
P&I Reconcilement and Security Database Managers (as it relates to P&I). Includes the balancing & reconciling of all Fed eligible products (MBS & non-MBS), Repo Tracking, Fail Tracking and Interim Reporting.
DTC Pledge and Release Administrator. Responsible for monitoring the BDS clients release requests to ensure that they process in a timely manner. Coordinates with the Admin any failed release due to NFE or location. Monitors BDS clients Pledges to ensure that they process in a timely manner. Manually add security records to the DTC database if they are yet available on our systems applications.
Daily work, communicate and coordinate with the New Jersey Bridge team.
Weekly rotational work schedule. Weekend availability required.
To be successful in this role, we’re seeking the following:
Bachelor’s degree in finance, business administration, economics, accounting, or related field.
0-2 years of experience
At BNY, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
Associate, Client Processing
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Associate, Client Processing to join our BNY GOVERNMENT SECURITIES SERVICES team. This role is located in Lake Mary, FL – HYBRID.
In this role, you’ll make an impact in the following ways:
Perform the pro-active monitorization of all GSS business settlement processes, learning, understanding all available and active real-time monitoring tools, including but not limited to: internal and external MQ channels, BConnect, CFI, liquid plus, anomaly detection tools, DOD, chat bots, Eliza AI, etc.
Supports internal and external clients with various clearing and collateral management processes. This includes all start, intraday and end of day functions (including but not limited to: Triparty deal unwinds, NFE free-delivery releases, Reasonability deliveries, Construction loan to Project loan cusip conversions, Treasury Auction issuance announcements and coordinates release of the operating system at end of day. Liaise between external clients and the Federal Reverse Bank. Communicates all system related problems for each BDS operating system to CCM Technology, BNY datacenter and coordinates that communication with appropriate parties. Reconciles the entire Fed-book entry holding with the Fed for both cash and securities.
P&I Reconcilement and Security Database Managers (as it relates to P&I). Includes the balancing & reconciling of all Fed eligible products (MBS & non-MBS), Repo Tracking, Fail Tracking and Interim Reporting.
DTC Pledge and Release Administrator. Responsible for monitoring the BDS clients release requests to ensure that they process in a timely manner. Coordinates with the Admin any failed release due to NFE or location. Monitors BDS clients Pledges to ensure that they process in a timely manner. Manually add security records to the DTC database if they are yet available on our systems applications.
Daily work, communicate and coordinate with the New Jersey Bridge team.
Weekly rotational work schedule. Weekend availability required.
To be successful in this role, we’re seeking the following:
Bachelor’s degree in finance, business administration, economics, accounting, or related field.
0-2 years of experience
At BNY, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
